If you have decided to sell your Tenerife property then speak to us and in doing so, you’ll have the peace of mind that you are in the best possible hands. With our language portfolio in English, German, Russian, Spanish and Dutch we are addressing a very wide and multilingual client base with very diverse requirements and budgets. We have clients looking to buy from an array of properties in the south of Tenerife, from studio apartments to penthouses, from townhouses to villas, rural fincas and plots of land. We are actively advertising your property through our wide advertising channels and networks, multilingual websites, internet portals, social media, our estate agency office overlooking the busy Puerto Colón Marina, our collaborating agents’ networks, local newspapers, etc. Please feel free to contact us in whichever way is convenient for you, either through the form on our website or just by calling or dropping us a short email requesting an appointment. We always prefer to view the property ourselves thus enabling us to present it in the best way possible, so we’ll be more than happy to come and visit you, take some photos and get all the necessary details.
Below is a list of the documents which we will need when we come to see you to enable us to put your property up for sale:
- Property dimensions and a plan if available. Ideally a copy of the title deeds (Escritura)
- EPC (CEE) energy performance certificate is required from the moment the property is listed for sale and the agent should have a copy of it as well
- Information about community fees (if the property is on a complex) and IBI (annual tax similar to council tax)
During our visit we would discuss with you details such as the type of property that you are selling, the size, number of bedrooms, furnishings included, any special features, value and pricing, information about the community and facilities on the complex if applicable and any other information which could be relevant to a potential buyer.
Once we’ve received all the necessary details or have been to view the property and agreed all the details with you, we will list the property via our advertising channels and actively market it through our network. For you, as our client, all advertising and marketing services are provided free of charge at this point, as we will get paid once the sale has gone ahead, the deeds have been signed at the Notary and you have received the funds from the buyer.
Please be patient, it may take time to find a buyer, especially in the current market where the supply exceeds the demand and there are many deals on the market at rock bottom prices. Unless you have priced your property very competitively or there is a particularly high demand for properties on your complex or in your area, it may take several months and many viewings before a buyer is found. To help attract more buyers and make your property stand out from the rest, please refer to our tips on Make Your Property Sell
Once a buyer is found, all conditions of the sale are agreed, the deposits are paid and the completion date at the Notary is set, it is just a matter of waiting for the sale to complete and making sure that all agreed arrangements are fulfilled.
Here is a list of costs and taxes arising from the property sale:
- Agent’s fees – our standard commission is 5% of the sales price of the property and this is payable at the same time that the title deeds (Escritura) are signed and the balance of the purchase price is paid at the Notary.
- Mortgage cancellation fees, if applicable, are paid directly to your bank. Normally the cancellation takes place simultaneously with the property sale and the bank’s representative is present at the Notary as well. It is advisable to check the conditions directly with your bank in advance.
- Plus Valia tax is a tax on the increase of the value of the land from the time you bought the property and it should be paid within 30 days after the sale. The amount is assessed directly by the Town Hall of the municipality where your property is located
- Capital gains tax which is paid the following year is a tax on the difference between the value you bought the property for and the value you sold it for.